A villain named Bagley, in his Dragon Fly craft, is able to exert enough force with an electromagnet to steal metal objects by drawing them through the air to his airborne plane. However, the only objects that he steals are models or busts of Batman or his equipment. The duo of Batman and Robin are unable to stop him making three related thefts, including his pulling the Bat-signal right off the roof of Police headquarters. However, Bagley has a method to his apparent madness: he knows that such thefts will draw Batman to his hollow statue in Gotham Park, which Batman will "stand in" for, and the forewarned Bagley and his gang will be able to capture and unmask him. Thus Bagley hopes to become king of Gotham's underworld. However, when he sees Robin replacing the statue with another Batman